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Recent content by Albertritchot

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    Mortgage Broker - Looking for mortgage broker who speaks French

    Good morning REIN members, A client of mine would like to make uses of the services of a Mortgage Broker who is fluent in French: the principal language of of my client. There is a broker from Calgary or Alberta who speaks French and would be a good fit for my client. I've just forgotten...
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    Small business evaluation

    The Chartered Business Valuators is a group of individuals that can provide valuations for business. https://cicbv.ca/cbvs/ This particular link should provide a list of CBV in the Calgary area...
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    Capital Gains on Rental property?

    This is a website that has good tax tips. Here is some information regarding principal residences. http://www.taxtips.ca/filing/principalresidence.htm
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    Looking for a great handyperson in Calgary

    Hello Debbie, Peter Perdek has worked on the interior of many properties including high value houses. I would recommend him as a good solution provider for interior repairs and renovations (washrooms, tiling, finishing carpentry and quality cabinets). Peter has learned his craft from many...
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    taxation avoidance

    The Capital Gains 2010 Guide can offer some information regarding capital gains. http://www.cra-arc.gc.ca/E/pub/tg/t4037/t4037-10e.pdf There are two topics you might want to read: 1) Calculation of the capital gains Page 10 right column read example. 2) The concept of...
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    Principle Residence vs. Capital gain

    Interpretation Bulletin IT120R6 offers some information regarding principall residences. In particular, #10 explains how a person can have two principal residences at the same time in a particular year. http://www.cra-arc.gc.ca/E/pub/tp/it120r6/it120r6-e.pdf Hope this helps.
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    ING bank tests new free bank accounts

    I`ve never been able to find in Alberta a competitor as strong as this Mennonite Credit Union. Here it is: http://www.rcu.mb.ca/main/content/view/40/242/ http://www.rcu.mb.ca/main/content/view/50/244/ If you find an equivalent competitor in Alberta, please mention it on the board.
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    Dallas, Texas Real Estate

    Robert Allen has purchased properties in Texas. Give him a call 647 828=8798 or email him at [email protected] [/color] [color="#ffffff"] 6(64(647) 828-87987) 828-8798 http://www.pgib.ca/right%20pages/alberta/c...cialistcal.html He might have some ideas on buying property in Texas. I...
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    Interesting website on how corporations work

    I`ve come across a website called www.castletrain.com which describes how one could play the corporate game of chess. The information is provided in a unique fashion and I invite you to have a look at it. Joanna Tomkins, the presenter, has been in business for a number of years and her...
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    Any NON-residents who have sold Canadian property?

    The review of the Certificate of Compliance is made from the Tax Centre closest to where your property is located. As a result, the time required to obtain the Certificate may vary. I made a quick call to the International Office asking them your very question: How long? Their answer was...
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    Any NON-residents who have sold Canadian property?

    Hello Nicola, When you are a non-resident, it is useful (actually necessary) to obtain a Certificate of Compliance so that you can get as much money from the sale of your property. Guide T4058 does explain how to proceed in obtaining this Certificate of Compliance (see page 8 -section starting...
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    Change in use from personal-use to income-producing

    From the time you resided in your Cold Lake house (when it was your principal residence), you do not have to pay capital gains tax. It`s only once you start renting it that a capital gain or loss may occur.See this link: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/nc...s/menu-eng.html If the...
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    Capital gains on primary residence turned rental

    If some of you are interested in reading the arcane rules from Canada Revenue Agency, there is an Interpretation Bulletin about the principal residence. Bulletin IT-120R6. Here is the link. http://www.cra-arc.gc.ca/E/pub/tp/it120r6/README.html...
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    Anyone know a Good Scotiabank mortgage specialist/banker?

    I do know of an ex scotia bank commercials loan manager and current mortgage broker who knows his stuff. If you want his name, email me at [email protected]
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    How to cash out?

    I do not know what is the original cost of the property or the anticipated selling price will get from the 90 acres. In the absence of numbers, may I suggest one possible manoeuver? It involves using reserves. http://www.cra-arc.gc.ca/E/pub/tg/t4037/README.html On page 11, the discuss the...
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